ABI Requests Bankruptcy Debtors Remain Eligible for PPP in Letter to Congress

The American Bankruptcy Institute wrote to Congress formally requesting that debtors who have filed bankruptcy cases remain eligible for Paycheck Protection Program loans, notwithstanding their respective bankruptcy filings, in any future amendments or legislation addressing PPP funding.  

December 17, 2020 American Bankruptcy Institute | Amy Quackenboss | Small Business Administration Phil Neuffer

Epiq Reports 46% Increase in November Commercial Chapter 11 Filings

Commercial Chapter 11 filings increased 46% in November 2020 compared with November of last year, according to data provided by Epiq.

December 8, 2020 American Bankruptcy Institute | Amy Quackenboss | Epiq Ellie Delany

October U.S. Bankruptcy Filings Down 41% Overall, Chapter 11 Filings Up 4%

Total U.S. bankruptcy filings in October decreased 41% from last year, according to data provided by Epiq Systems. Commercial Chapter 11 filings increased slightly, with the 550 filings in October 2020 up 4% over the 530 recorded in October 2019.

November 10, 2020 American Bankruptcy Institute | Amy Quackenboss | Epiq Systems Ellie Delany

ABI: COVID-19 Exacerbates ‘Pre-Existing’ Conditions of Financially Struggling SNFs

Those practicing in and for skilled-nursing facilities (SNFs) expected failure and death at rates greater than other healthcare settings because of “pre-existing conditions” of the industry, according to an article in the ABI Journal.

September 28, 2020 ABI Journal | American Bankruptcy Institute | David Hoffman | David Hoffman & Associates | Jerry Seelig | Louis J. Cisz III | Nixon Peabody | Seelig+Cussigh Ellie Delany

ABI: Examining ‘Mothball Motions’ for Bankrupt Retailers During COVID-19 Pandemic

Since the start of the COVID-19 pandemic, courts have alleviated some financial burdens of bankrupt retailers by granting “mothball motions,” allowing companies to shelve post-petition rental payments, according to an article in the August ABI Journal.

August 31, 2020 American Bankruptcy Institute | Kaitlin R. Walsh | Mintz Levin Cohn Ferris Glovsky & Popeo | Paul J. Ricotta Phil Neuffer

July Commercial Chapter 11 Filings Increase 52% Y/Y, Total Filings Down 33%

Total commercial Chapter 11 filings in July 2020 increased 52% from the previous year, according to data provided by Epiq.

August 6, 2020 American Bankruptcy Institute | Amy Quackenboss | Epiq Phil Neuffer

ABI: Commercial Chapter 11 Filings Up 26% Y/Y, Bankruptcy Filings Down 23% in H1/20

The ABI reported total commercial Chapter 11 filings during the first six months of 2020 increased 26% to 3,604 from the 2,855 total filings during the same period in 2019, according to data provided by Epiq.

July 7, 2020 American Bankruptcy Institute | Amy Quackenboss | Epiq Phil Neuffer

ABI President Houser Issues Statement on Commitment to Diversity and Inclusion

Bankruptcy judge Barbara Houser, president of the American Bankruptcy Institute, issued a statement on ABI’s commitment to diversity and inclusion, including an update on the work of ABI’s diversity and inclusion working group.

June 17, 2020 American Bankruptcy Institute | Amy Quackenboss | Barbara Houser | Michael Bernstein Phil Neuffer

May Chapter 11 Bankruptcy Filings Jump 48% Y/Y

Total commercial Chapter 11 filings in May 2020 increased 48% from May 2019, according to data provided by Epiq Systems. However, total bankruptcy filings in May 2020 were down 42% from total filings in May 2019.

June 4, 2020 American Bankruptcy Institute | Amy Quackenboss | Epiq Systems Phil Neuffer

ABI Article Discusses ‘Fourth’ Exit Strategy from Chapter 11

A “fourth” exit strategy of a structured dismissal in Chapter 11 continues to grow as a popular option for companies after they conduct a §363 asset sale, according to an article in the May issue of ABI Journal.

May 19, 2020 American Bankruptcy Institute | Howard & Howard Attorneys | Jaffe Raitt Heuer & Weiss | Lisa Sommers Gretchko | Paul R. Hage Phil Neuffer